One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

Two key features of a project are on-time and on-budget delivery. The project manager can only fulfill these objectives if the estimates leading to the project schedule and budget are accurate.

The purpose of the estimate is two-fold. First, it allows the contractor to enter into a contractual agreement with confidence. Second, it provides an organized, detailed plan to execute the project ...

Once you understand the effort that’s required for a project, you can assign resources to determine how long the project will take and estimate labor and non-labor costs. Here’s a process you can use ...

Let’s start with some estimate definitions – The first type of estimate is called an “order of magnitude” estimate. This is usually a guess that some upper-level has determined is the right amount of ...

Like any industry, blame and accolades are an inevitable part of the electrical contracting business. I once heard someone say, “If you could buy people for what they are worth and sell them for what ...

Project work estimation has three components: the initial first cut, commonly known as a SWAG (scientific wild-ass guess), tracking the estimate against the actual numbers, and using the schedule to ...

Pepper Construction chose estimating software that integrates with building information models (BIM) to slash estimating time and cost, and offer project owners custom estimate analyses that drive ...

Properly estimating a Java development project is both an art and a science. Since Java and the J2EE specification are built for enterprise-class solutions, it only makes sense to take an enterprise ...

Regardless of the technique you use, the tendency in project estimation is to provide one number for each estimate. In other words, if you have 100 activities on your schedule, each activity would ...